Question 14 For Kiqui Company, the predetermined overhead rate is 120% of direct labour cost During the month of June 2020, Kiqui incurred $55,070 of factory labour costs, of which $48,300 was direct labour and $6,770 was indirect labour Actual overhead incurred in June 2020 was $72,730. Calculate the amount of manufacturing overhead applied during the month Manufacturing overhead applied Determine the amount of under- or over-applied manufacturing overhead Manufacturing overhead Prepare the adjusting entry for the under- or over-applied overhead. (Credit account titles are automatically indented when the amount is entered. Do not indent manually.) Account Titles and Explanation Debit Credit